UPDATE 2-Brent edges above $125; U.S. crude stocks at a high
Brent crude inched above $125 on Thursday, after falling more than a dollar the previous session, as traders balanced a firm dollar and bulging U.S. crude stocks with lingering concerns about tensions between Iran and the West.
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Pretoria, South Africa
#1 Mar 16, 2012
During the 1927 1933 depression any laymen, houseworker and even semi employed people invested their money in the stock exchange causing an over valuation of stocks leading to the great crash. Today the same thing is happening with commodities every Tom, Dick and Harry is buying Brent crude and other commodities only for the purpose of making money out of the over demand and under supply escalation spiral. Well remember what happened in March 2008 oil drop from $145 to $55 due to over speculation. Do not say that you have not been warned.
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